FRN Feronia Inc

Feronia Inc. ("Feronia" or the "Company") (TSX VENTURE:FRN) today released its
comments on the new agricultural legislation (the "Agriculture Law") enacted in
the Democratic Republic of the Congo ("DRC"). While it has been publicized that
the Agriculture Law was designed to advance agricultural development in the DRC,
it has garnered some controversy with respect to a provision which purports to
limit foreign ownership of DRC farmland. Certain agribusinesses in the DRC have
raised concerns that this provision may impede existing and new foreign
investment.


The Company has been engaged in discussions with local counsel and various
levels of government in the DRC with respect to the proper interpretation of the
Agriculture Law. Based on such interpretations, the Company is of the belief
that the Agriculture Law would not impede Feronia's operations in the DRC. In
particular, as previously noted in its public disclosure documents, Feronia does
not own the land in the DRC on which its farming takes place, but rather,
through its subsidiaries Plantations et Huileries du Congo SARL ("PHC") and
Feronia PEK sprl, holds concessions on land which is owned by the DRC
government. The Company only owns certain parcels of land in the DRC on which
the processing and storage facilities for its arable farming operations are
located. No farming activity occurs on these lands. Further, Feronia controls
76.17% of the shares of PHC, while the remaining 23.83% of the shares are held
by the DRC government.


Feronia will continue to seek clarification on the implications of the new
Agriculture Law from local counsel and government in the DRC and will provide a
further update when more information becomes available. However, the Company
does wish to caution investors that if the final version of the Agriculture Law
is interpreted by the DRC government to apply to the requisite ownership of
concession rights held by the Company, it could have a material adverse effect
on the value of its business and its share price.


About Feronia Inc.

Feronia Inc. is a large-scale commercial farmland and plantation operator in the
DRC. The Company uses modern agricultural practices to operate and develop its
oil palm plantations and arable farming business division. Feronia believes in
the immense agricultural potential of the DRC for high-quality foodstuffs and
edible oils given its ideal climate, excellent soil and highly skilled and
experienced workforce. Feronia's management team is comprised of senior
agriculturalists with extensive experience in managing both plantations and
large-scale mechanized farming operations in emerging markets. Feronia is
committed to sustainable agriculture, environmental protection and providing
support for local communities. For more information please see www.feronia.com. 


Cautionary Notes

Except for statements of historical fact contained herein, the information in
this press release constitutes "forward-looking information" within the meaning
of Canadian securities law. Such forward-looking information may be identified
by words such as "anticipates", "plans", "proposes", "estimates", "intends",
"expects", "believes", "may" and "will" and includes without limitation,
statements regarding proposed capital expenditure; the Company's plan of
operations and comparative advantages; plans regarding sowing rice and
replanting oil palms; improvements in harvesting and collection; and positive
trends regarding oil extraction rates. There can be no assurance that such
statements will prove to be accurate; actual results and future events could
differ materially from such statements. The forward-looking information
contained in this press release is based on numerous assumptions regarding
Feronia's present and future business strategies and the environment in which
Feronia will operate in the future, including assumptions regarding expected
crop yields, commodity prices, business and operating strategies, and Feronia's
ability to operate its production facilities and plantations on a profitable
basis. Some of the risks which could affect future results and could cause
results to differ materially from those expressed in the forward-looking
information contained herein include: risks related to foreign operations
(including various political, economic and other risks and uncertainties),
termination or non-renewal of concession rights or expropriation of property
rights, political instability and bureaucracy, limited operating history, lack
of profitability, lack of infrastructure in the DRC, high inflation rates,
limited availability of debt financing in the DRC, fluctuations in currency
exchange rates, competition from other businesses, reliance on various factors
(including local labour, importation of machinery and other key items, business
relationships, and two refining factories), a shift in commodity trends and
demands, vulnerability to fluctuations in the world market, the lack of
availability of qualified management personnel and stock market volatility. See
"Risk Factors" in the Company's annual management's discussion and analysis for
the year ended December 31, 2010. Most of these factors are outside the control
of the Company. Investors are cautioned not to put undue reliance on
forward-looking information. Except as otherwise required by applicable
securities statutes or regulation, the Company expressly disclaims any intent or
obligation to update publicly forward-looking information, whether as a result
of new information, future events or otherwise.

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